OAT OCT32 EUR 5,75
FR0000187635
DIRECTION GENERALE DU TRESORForeign governmentHi-MTF · MOT
- Last price
- 107.09
- as of 14/10/2026
- Gross yield
- 4.38%
- Net yield
- 3.70%
- Maturity
- 25/10/2032
- 6y
Simulation for information and education only, computed automatically from the values entered. It is not financial advice, nor a recommendation or solicitation to buy or sell. Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Change the values: every figure updates at once. The page link keeps the simulation.
- Settlement amount
- €8,963.08
- Net gain at maturity
- €1,854.42
- Net yield
- 3.69%
- Gross yield
- 4.38%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 107.09
- Nominal value
- 8,000
- Clean value
- €8,567.20
- Gross accrued interest
- €452.44
- Tax credit on accrued interest
- -€56.56
- Commissions
- €0.00
- Settlement amount
- €8,963.08
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.38% | 3.69% | 3.69% |
| Modified duration | 4.81 | 4.87 | 4.87 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €3,220.00
- Tax on coupons
- -€402.50
- Redemption of the nominal
- €8,000.00
- Capital loss
- -€567.20
- Capital gain tax
- -€0.00
- Net gain at maturity
- €1,854.42
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€8,567.20 |
| 19/10/2026 | Gross accrued interest | -€452.44 |
| 19/10/2026 | Tax credit on accrued interest | €56.56 |
| 25/10/2026 | Gross coupon | €460.00 |
| 25/10/2026 | Tax on the coupon | -€57.50 |
| 25/10/2027 | Gross coupon | €460.00 |
| 25/10/2027 | Tax on the coupon | -€57.50 |
| 25/10/2028 | Gross coupon | €460.00 |
| 25/10/2028 | Tax on the coupon | -€57.50 |
| 25/10/2029 | Gross coupon | €460.00 |
| 25/10/2029 | Tax on the coupon | -€57.50 |
| 25/10/2030 | Gross coupon | €460.00 |
| 25/10/2030 | Tax on the coupon | -€57.50 |
| 25/10/2031 | Gross coupon | €460.00 |
| 25/10/2031 | Tax on the coupon | -€57.50 |
| 25/10/2032 | Gross coupon | €460.00 |
| 25/10/2032 | Tax on the coupon | -€57.50 |
| 25/10/2032 | Redemption of the nominal | €8,000.00 |
| Net gain at maturity | €1,854.42 | |
It is the sum of all the movements: €11,276.56 received (coupons, redemption, tax credit on accrued interest) minus €9,422.14 paid (price, accrued interest, commissions and taxes) = €1,854.42. It is what you earn in euro, after tax, if you hold the bond to maturity; if negative, you lose money.
How it is calculated
- Accrued interest uses the ACT/ACT ICMA convention: the buyer pays the gross accrued interest and receives the credit for the tax withheld on that part of the coupon.
- Taxes of the Italian administered regime, 12.5% on coupons and capital gain (12.5% for government and supranational bonds, 26% for the others). Commissions are part of the purchase cost. Stamp duty and issue discount are not considered.
- Yields are annual compound rates (IRR) of the cash flows, actual days/365, with the bond held to maturity and coupons not reinvested.